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107 Greenwich Street

Lendbuzz Leases 5,084 Sq Ft Office Space At Trinity Commons, 107 Greenwich Street
LEASEDOffice

Lendbuzz Leases 5,084 Sq Ft Office Space At Trinity Commons, 107 Greenwich Street

107 Greenwich Street

$79

$79/SF

Building Size

5,084 SF

Asset Type

Office

Closing

Jan 5, 2024

AI

Lendbuzz, an AI-driven auto loan service, has secured a five-year lease for a 5,084-square-foot space on the 22nd floor of Trinity Commons at 107 Greenwich Street, marking its inaugural New York City headquarters. The asking rent for the office space was $79 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $79/ft
  • Square Footage: 5,084
  • Address: 107 Greenwich Street
  • Market: Financial District

Lendbuzz was represented in the lease transaction by brokers Andrew Coe, Edward DiTolla, Finley Burger, Jeff Szczapa, John Wheeler, and Margaux Kelleher from JLL.

Players

John Wheeler

JLL

Broker

$38.2M

vol

11 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

200797.47%

Cash-on-Cash

-57388.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93